Focus: Hope Enterprises sells to Hollingsworth Logistics Group

Detroit-based Focus: Hope has sold its minority share in Focus: Hope Enterprises, a joint venture with Hollingsworth Logistics Group, to Hollingsworth.

Through the deal, which closed in November but wasn’t announced until this month, Hollingsworth, which had housed the operation at its site, acquired the remaining 49 percent of the venture. Terms of the deal were not released.

The business “wasn’t a core part of our activities,” said Focus: Hope CEO William Jones.

“So we said it makes sense to exit and take the proceeds and reinvest them.”

Hollingsworth could not be reached for comment.

Focus: Hope had retained its share in the automotive parts logistics joint venture despite its 2005 exit from automotive supply in the face of declining contracts with automakers. Since then, it has expanded its training programs into defense research and development, while continuing to provide safety net services such as a food assistance program for the elderly, and other programs.

Focus: Hope Enterprises, which provides collection, consolidation, storage and shipment of parts remanufactured by automakers, is now operating as Hollingsworth Core Logistics, the parent company said in a news release.

Hollingsworth Logistics Group provides supply chain management to various North American industries, offering services including contract packaging to kitting, light assembly to distribution and transportation.

It operates from sites in Dearborn, Detroit, Highland Park, Lake Orion and Flint in Michigan and in several other states: Ohio, Washington, Massachusetts, West Virginia, Tennessee, Texas and California.